Hedera Hashgraph (HBAR)

Current price: $ 0.08

24 hours price change: $ 0.002656 (3.42%)

Daily analysis of Hedera Hashgraph (HBAR) - 6 months

The performance of Hedera Hashgraph regarding the price differs every day. To make the best decision to buy Hedera Hashgraph, we are analysis in this article the performance of Hedera Hashgraph on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on December 19th, 2023 to June 19th, 2024.

In the barchart below, the weekdays and average performance of Hedera Hashgraph are shown side by side.

Average daily change in price of Hedera Hashgraph per weekday between 12/19/2023 and 06/19/2024.

According to the performance of Hedera Hashgraph between December 19th, 2023 and June 19th, 2024, Hedera Hashgraph performed the best on Mondays. On average, the price of Hedera Hashgraph increased 0.32% on Monday.

The weekday on which the Hedera Hashgraph performed the worst, is Tuesday. On Tuesdays, the Hedera Hashgraph declined in value on average by -0.84%.

Hedera Hashgraph weekday performance

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Sunday. The average change on a Sunday for the Hedera Hashgraph is -0.25%. However, the standard deviation on this weekday is 1.20%. This means that on most Sundays, the change in value of the Hedera Hashgraph is between -1.45% and 0.94%.

On an average Monday, the Hedera Hashgraph increased 0.32%. However, since the expected deviation is 2.04%, the Hedera Hashgraph will decline in value on a Monday quiet regularly. The expected price change of the Hedera Hashgraph on a Monday is between -1.72% and 2.35%.

On Tuesdays, the Hedera Hashgraph decreases in value on average with -0.84%. On most of the Tuesdays the Hedera Hashgraph decreases in value between -2.96% and 1.27%. The uncertainty (2.12%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Hedera Hashgraph on Tuesdays is large.

It is hard to tell whether the Hedera Hashgraph will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Hedera Hashgraph is -0.15%. However, the standard deviation on this weekday is 1.98%. This means that on most Wednesdays, the change in value of the Hedera Hashgraph is between -2.13% and 1.83%.

Allthough the Hedera Hashgraph decreases in value with -0.35% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Hedera Hashgraph on Thursdays is 1.32%. This means that the expected change of the value of Hedera Hashgraph is between -1.67% and 0.97% on 68 out of 100 Thursdays.

Allthough the Hedera Hashgraph decreases in value with -0.53% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Hedera Hashgraph on Fridays is 1.60%. This means that the expected change of the value of Hedera Hashgraph is between -2.13% and 1.07% on 68 out of 100 Fridays.

On Saturdays, the Hedera Hashgraph decreases in value on average with -0.64%. On most of the Saturdays the Hedera Hashgraph decreases in value between -1.64% and 0.36%. The uncertainty (1.00%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Hedera Hashgraph on Saturdays is large.

Hedera Hashgraph weekday performance details

Find below the details of the performance of Hedera Hashgraph per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.25% 1.20% -1.45% to 0.94%
Monday 0.32% 2.04% -1.72% to 2.35%
Tuesday -0.84% 2.12% -2.96% to 1.27%
Wednesday -0.15% 1.98% -2.13% to 1.83%
Thursday -0.35% 1.32% -1.67% to 0.97%
Friday -0.53% 1.60% -2.13% to 1.07%
Saturday -0.64% 1.00% -1.64% to 0.36%
 

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